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After the island sustained severe damage in a tropical storm, Dominica's economy has suffered horrendously. To assess the full extent of the damage, the World Bank, United Nations, and other development partners with funding support of the European Union (EU) and the World Bank Global Facility for Disaster Reduction and Recovery put their resources together to study the problem. What they found proved shocking.

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Major international partnerships under the Lima to Paris Action Agenda are mobilizing large-scale financing to protect people who the most vulnerable from climate impacts, reflecting the fact that building a climate-resilient world is essential to secure hard-won development gains and ensure that future investment is not lost to climate change

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The governments of Australia, Canada, France, Germany, Luxembourg and The Netherlands have agreed to give more than US$80 million to equip up to 80 countries with better climate risk early warning systems.

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This year, the rate of extreme global poverty is expected to fall below 10%, dropping into single digits for the first time in history. Inclusive economic growth, especially in China and India, has driven this success.

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Imagine being able to choose the safest school for your kids–the school that is least likely to flood, for example–by using up-to-date map data. This is possible thanks to green mapping technology that is transforming how communities operate, and it is proving useful in disaster risk management.

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The world’s biggest climatic weather phenomenon is easier to predict than many calamities. But it shows the importance of preparing for other disasters, too.

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More than 800 experts in disaster risk management from across the world were in London on Monday to take part in the week-long Understanding Risk Forum. 

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With developing countries the hardest hit by disasters like floods, cyclones, droughts and earthquakes, a new competitive challenge fund is being launched today to help developing countries design and implement ground-breaking solutions to overcome problems they face assessing disaster risks.

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World Bank's President Jim Yong Kim offers remarks at the Foreign Correspondents Club of Japan on twin goals: ending poverty by 2030 and boosting shared prosperity 

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At last September’s U.N. Conference on Small Island Developing States in Apia, Samoa, the World Bank announced that it would help small, disaster-prone countries to improve their adaptive capacity to climate change through an effort called the Small Island States Resilience Initiative — a response to ever-louder calls from leaders of island states for more assistance with boosting their disaster resilience.